Saudi Cement Co. posted a 12.2 percent rise year-on-year (YoY) in net profit after zakat and tax to SAR 224.8 million for H1 2019, backed by higher sales and profit share from associates.
|Gross Income||265.50||321.32||21.0 %|
|Operating Income||212.60||240.69||13.2 %|
|Net Income||200.30||224.78||12.2 %|
|EPS (Riyal)||1.31||1.47||12.2 %|
The second quarter’s net profit after zakat and tax jumped 59 percent YoY to SAR 92.3 million, also due to improved sales volumes and higher profit share from associates.
The company also cited a rise in other income.
When compared to the previous quarter, net profit dropped 30.3 percent on lower sales, higher administrative expenses and Islamic finance charges.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||24.12|
|Dividend Yield||6.69 %|
|Market Cap. (M)||10,251.00|
|Return on Average Assets||10.56 %|
|Return on Average Equity||16.69 %|